Financial Times FT.com

Atticus signals halt to Deutsche Börse siege

By James Mackintosh in London and James Wilson in Frankfurt

Published: March 31 2009 22:31 | Last updated: March 31 2009 22:31

The hedge fund siege of Deutsche Börse lifted on Tuesday when Atticus Capital, one of two funds that have run on-off assaults on the German exchange for the past four years, said it had sold almost all of its stake.

Shares in the Börse jumped 9.3 per cent to €45.38 after the announcement, as investors concluded that selling pressure had been lifted by the exit of New York-based Atticus, founded by Tim Barakett and chaired by Nat Rothschild, son of Lord Rothschild.

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